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Teluguhero Side Hero Username: Teluguhero Post Number: 2250 Registered: 04-2008 Posted From: 50.156.143.166 Rating: |
PM Modi launches ambitious Make in India project http://indiatoday.intoday.in/gallery/pm-modi-launches-ambiti ous-make-in-india-project/1/12900.html PM Modi launches ambitious Make in India project | ||
Time_pass Side Hero Username: Time_pass Post Number: 9459 Registered: 06-2008 Posted From: 136.174.187.5 Rating: N/A |
What happened to Made in India? | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2249 Registered: 04-2008 Posted From: 50.156.143.166 Rating: N/A |
http://economictimes.indiatimes.com/news/politics-and-nation /pm-narendra-modis-israel-visit-said-to-spur-missile-deals-a s-ties-deepen/articleshow/58138795.cms | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2248 Registered: 04-2008 Posted From: 50.156.143.166 Rating: N/A |
8,000 missiles from Israel part of Modi's $250-bn plan to take on China, Pakistan India is close to signing two defense deals with Israel as it seeks to deepen ties with the Middle Eastern nation before Prime Minister Narendra Modiâs visit in July, according to people with knowledge of the matter. The deals include anti-tank missiles and a naval air defense weapon system, the people said, asking not to be identified given the information is private. Still, the plan for the first trip to Israel by an Indian prime minister indicates that cooperation goes beyond Del .. "The visit is a big milestone," said Shailesh Kumar, senior Asia analyst at political risk firm Eurasia Group. "Officials in both countries believe they face a common external threat: terrorism. Working with Israel fits into Modiâs bigger pivot of deeper relations with the U.S. given the U.S.-Israel friendship." The deals for Spike anti-tank missiles for Indiaâs army and Barak-8 air defense missiles for its navy are expected to be finalized in the next two months, the people said. The pacts are worth $1.5 billion, they said, and will see the delivery of the 8,000 missiles will begin two years after the contracts are signed. Theyâre part of Modiâs $250-billion plan to modernize the armed forces by 2025 amid tensions with neighbors China and Pakistan. The purchase of Spike missiles was approved by Indiaâs Defence Acquisition Council in October 2014 and the Barak-8 purchase proposal was given the go-ahead in a meeting on April 3 this year, the people said. Defence Ministry spokesman Nitin Wakankar declined to comment on the deals. Israel was the third-largest arms supplier to India in the three fiscal years ending March 2016, having bagged 10 deals worth a total of 76 billion rupees ($1 billion), according to an Indian parliament report. Only the U.S. and Russia have made more defense deals with India during the period. "India-Israel ties have always been strong but never have they been widely publicized,â said Ankur Gupta, New Delhi-based vice-president for Aerospace and Defence at Ernst & Young. "There is great strength and value in this relationship as Israel is one of Indiaâs foremost supplier of weapons and related high-end technology." "India is gradually disengaging itself from its traditional and ideological foreign policy approach in the Middle East," said Alvite Singh Ningthoujam, a senior research associate at the Vivekananda International Foundation. "It is also a clear message that India does not anymore have qualms in getting closer to Israel, and is wielding an independent foreign policy and not at the cost of its relations with any other countries in the region." Billion Dollar Deal The missile deals follow transactions finalized last week for India to obtain medium- and long-range surface-to-air missiles worth $2 billion. The medium-range missile was developed for the Indian Army by IAI and Indiaâs Defence Research and Development Organisation in collaboration with Israelâs RAFAEL and IAI/Elta, and included Indian companies like Bharat Electronics Ltd, Bharat Dynamics Ltd and Larsen & Toubro Both deals form part of Modiâs âMake in Indiaâ program, designed to stimulate local production. "These missile systems are key to adding to our strategic defense capabilities against platforms owned by our neighbors" including anti-ship missiles, cruise missiles, armed drones and modern fighter aircraft, said Anurag Garg, aerospace director at Strategy&, a PriceWaterhouse Coopers consultancy. |
